Broadway, Gillingham, ME8

Street Guide For Broadway, Gillingham, ME8

 

Broadway, Gillingham, ME8 Map

Estimated Price: £193,479
Average Asking Price: £285,087
Price change in last one year: £14,873
Average Price Paid: £154,277
Average Rent Rates: £2,001

 

Property Prices Breakdown in Broadway, Gillingham, ME8

Average Price for property in Broadway, Gillingham, ME8 is around £193,479 which varies based on type of property you are interested in and ranges from £257,440 for detached house to around £213,515 for semi-detached. Similarly terraced house is around £185,632. Values have been changing and have risen £1,137 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,791 in last 6 months, £14,873 in last 1 year, £24,889 in last 2 years, £29,572 in last 3 years, £27,741 in last 4 years and £27,108 in last 5 years.

Currently average asking price of a property in Broadway, Gillingham, ME8 is around £285,087 based on approximately 9 properties for sale. Same is the case with rental options based on 51 properties up for rent, average asking rent is around £2,001 per month.

Estimated property value in Broadway, Gillingham, ME8 is £193,479. Average asking price is £285,087 while average price paid is £179,555 which is up by £14,873 and Avg. asking rent £2,001.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Broadway, Gillingham, ME8 area. In last 1 year alone average price buyer paid is around £179,555 based on approximately 9 sales in Broadway, Gillingham, ME8 area alone. If you compare it to last 3 years sales of 26 properties where buyers paid around £157,215. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £154,277 for 44 and average amount paid for purchase of approx. 64 properties sold in last 7 years comes to about £151,700 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £120,000, £188,361 for a 2 bedroom house, £259,693 for a 3 bedroom house, £333,796 for a 4 bedroom house and £492,777 for a 5 bedroom house. For a flat similarly the prices varies from £103,999 for a single bedroom to £124,625 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £109,995. To sum up the asking prices for properties in Broadway, Gillingham, ME8 it comes to around average £105,454 for 1 bedroom property, £176,773 for 2 bedroom, £257,066 for 3 bedroom, £333,796 for 4 bedroom and £492,777 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £321 for 1 bedroom to £769 for 2 bedroom and £806 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £535. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £693. You should be generally be expecting around average £516 rent per month for single bedroom property, £747 for 2 bedroom and approximately £806 for 3 bedroom property in Broadway, Gillingham, ME8 area.

Popular Houses in Broadway, Gillingham, ME8

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Broadway, Gillingham, ME8